EFT Research | Milton Maxwell

EFT

Eaton Vance Floating-Rate Income Trust

11.28

-0.03-0.27%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

299.80M

P/E (TTM)

15.24

Basic EPS (TTM)

0.74

Dividend Yield

0.11%

Recent Filings

8-K

New board chairperson appointed

8/28/25Aug 28, 2025

Eaton Vance Floating-Rate Income Trust appointed Scott E. Wennerholm as Chairperson of the Board effective August 27, 2025, for a four-year term. This follows Susan J. Sutherland's interim role since August 9, 2025, after the previous chairperson's passing. The change stabilizes leadership for the closed-end fund. No further details on Wennerholm's background disclosed.

8-K

Chairperson's unexpected passing

8/14/25Aug 14, 2025

Eaton Vance Floating-Rate Income Trust's Board Chairperson Mark R. Fetting unexpectedly passed away on August 9, 2025, prompting Susan J. Sutherland to step in as acting Chairperson. The Board shrank from ten to nine members effective August 12. This sudden shift tests governance continuity amid ongoing fund operations.

8-K

By-laws drop control share rules

10/10/24Oct 10, 2024

Eaton Vance Floating-Rate Income Trust's Board eliminated the Control Share Provisions from its By-Laws on October 10, 2024, building on a 2023 exemption for share acquisitions that could trigger control restrictions. This formal change simplifies ownership rules without financial impact. No barriers now block large stakes. Investors gain easier access to build positions in the closed-end fund.

8-K

New President Appointed

10/18/23Oct 18, 2023

Eaton Vance Floating-Rate Income Trust appointed Kenneth A. Topping as President, effective October 18, 2023. Topping, born in 1966, brings deep experience as Vice President and Chief Administrative Officer at Eaton Vance and BMR, plus prior COO roles at MSIM and Goldman Sachs Asset Management. This leadership shift bolsters operational oversight for the fund's public markets strategy. No further details on impacts disclosed.

8-K

Board exempts control share restrictions

2/1/23Feb 1, 2023

Eaton Vance Floating-Rate Income Trust's Board voted on January 26, 2023, to exempt all prior and new share purchases from its Control Share By-Law provisions until further notice, following a Massachusetts Superior Court ruling that the by-law violates Section 18(i) of the Investment Company Act. The decision stems from ongoing litigation with Saba Capital, where the court upheld the Board's fiduciary duty but mandated rescission of the by-law. This eases voting restrictions on large shareholders. Litigation continues, with appeals pending full resolution.

About

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. Eaton Vance Floating-Rate Income Trust was formed on June 29, 2004 and is domiciled in the United States.

CEO

Mr. Payson F. Swaffield CFA

IPO

7/26/2004

Website

https://funds.eatonvance.com/Floating-Rate-Income-Trust-EFT.php

Sector

Financial Services

Industry

Asset Management